Following up to our EURJPY trade we posted in our telegram channel. Price has moved
in our favor and with it coming so close to targets look to manage the risk.
We will bank here or move stops to breakeven to protect capital.
EURJPY has recently rejected the key resistance of 125.80 and formed a bearish weekly candle. Since then
price has rallied this week into a minor 4hr resistance zone. Price is currently being held by trendline support
and previous structure highs. If price can break lower it will give the opportunity to look for further short trades into the
key support zone of 124.20.
In this video update, we take a look at EURUSD and how we can take advantage of yesterdays daily
momentum on a lower timeframe. The 1hr chart has pulled back into a minor support zone and if
price can show bullish price action we can look for long opportunities into 1.1360.
The RBNZ announce rates this week and as discussed in our market outlook it is likely for them to
hold their plans on hiking rates with growing concerns over global economics. Recently Consumer Price Index fell
from 0.9% to 0.1% with Employment also sinking significantly, chances of a rate hike has started to diminish.
Looking at the chart technically the weekly...
The USD continued to move higher this week after breaking through a trendline resistance level.
Price found support at the $95.00 level and seasonality shows the USD typically gains through
February to March. If we see price re-test the $96.00 level we can look for continued
long opportunities into the key resistance of $97.60.
NZDUSD continues to make higher highs and price has recently closed above a trendline resistance.
Price is likely to continue to move higher and if price tests the structure highs at 0.6825 with 50%
fibonacci confluence and prints bullish price action we can look for long trades into the 0.7000 resistance.
AUDCHF is on our watchlist this week as the weekly chart rejected a key resistance zone.
Looking to the 4hr trading timeframe we can see price has approached a 4hr minor resistance zone
and price looks to be rejecting.
Stops - -44pips
Targets- +88 pips
In this video update, we take a look at the GBPUSD trade we placed on the telegram channel. Price found
support at a key level and with the daily candle closing bullish gave us an opportunity for some short term trades higher.
Manage the trade now with stops to breakeven or close the trade as it has moved close to targets.
- AUDUSD finished AB=CD pattern so the price in a good zone now for sell.
- If the price raise next well it will be for selling also because it will enter Potential reversal zone of Harmonic Bat pattern.
- in any case AUDUSD for sell .. the best price will be 0.7240 to see.
The USD looks to continue its move into the $97.60 level. The Fibonacci extension shows the golden Fibonacci ratio of 1.618 sitting at the key level. This could show us that a potential reversal is likely here. If we see price push this level and reject we could see the USD fall back within the current range and back towards $95.00.
In this video update, we take a look at cable and how it could see some short term strength into the key 1.2950.
This is short-term analysis as we do expect GBPUSD prices to move lower as the Brexit deadline approaches.
In this video update, we look at taking a lower risk trade on EURAUD. In the telegram channel we spoke of buying the
daily high in anticipation of a breakout. With the short-term AUD strength price moved and formed a new daily low.
However, that daily low comes in at a weekly 50% fib retracement where buyers may step back into the market.
In this video update, we take a look at USDCAD and how the price is finding resistance at the key 1.3300 zone.
This allows us to look for potential CAD strength moves against our weaker currencies such as the NZD, AUD, CHF and GBP.
We wouldn't necessarily look at this chart to trade however as the USD is seasonally strong, but using the major
currency pair to our...
In this video update, we take a look at EURUSD and how it is moving within the key demand zone.
Price could find buyers here despite the current USD strength and weakness forming in the Eurozone.
The key lows around 1.1200 need to be broken and closed below before confirming any breakout of the structure.
Look for the market to respect the range with any cycle...
In this video update, we take a look at EURNZD and how the market could find support at its current levels.
Price recently formed a weekly bullish engulfing candle off a key weekly demand zone. Price on the 4hr
chart is now forming a flag pattern with the potential to break to the upside.
Stop Loss- 1.6710
Target 1 - 1.6950
Target 2- 1.7140
The Australian dollar is trading well below all its main moving averages on the daily charts. With RBA also cutting growth forecasts and projections I am bearish on this pair and technically a brake of the 0.70600 critical long term support exposes this pair to the 0.70000 figure and below re-testing the upper boundary of the downtrend shown on the chart.
In this video update, we take a look at NZDCAD and how this market could be the one to watch ahead of the RBNZ rate decision.
The RBNZ is likely to push their plans to hike rates and with the data out of Canada improving we expect the CAD
strength to come into play. A break of 0.8900 will likely see significant downside, look for 4hr swings for key trading opportunities.